King Resources, Inc. announced that it has entered into a security purchase agreement for the issuance 525,000,000 common stock for total gross proceeds of $20,000,000 on June 21, 2022. The transaction will include participation from Williamsburg Venture Holdings, LLC. The transaction is expected to close on equal to the maximum commitment amount, June 21, 2025, or written notice of termination by the company to the investor.